Analysts Set Carnival Corporation (NYSE:CCL) Price Target at $35.08

Carnival Corporation (NYSE:CCL) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $35.0818.

Several analysts have weighed in on the company. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Stifel Nicolaus raised their target price on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Weiss Ratings upgraded shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Finally, Citigroup increased their price target on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th.

Carnival Trading Up 0.0%

Carnival stock opened at $23.52 on Monday. The stock has a market cap of $32.21 billion, a P/E ratio of 10.59, a PEG ratio of 1.02 and a beta of 2.31. Carnival has a fifty-two week low of $23.08 and a fifty-two week high of $34.03. The firm’s fifty day moving average price is $26.81 and its 200-day moving average price is $27.17. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities research analysts forecast that Carnival will post 2.23 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s dividend payout ratio is currently 27.03%.

Hedge Funds Weigh In On Carnival

A number of large investors have recently modified their holdings of CCL. State Street Corp grew its position in Carnival by 1.5% during the fourth quarter. State Street Corp now owns 48,074,173 shares of the company’s stock valued at $1,468,185,000 after acquiring an additional 704,433 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Carnival by 3,198.1% in the 2nd quarter. California State Teachers Retirement System now owns 42,423,964 shares of the company’s stock worth $1,212,053,000 after acquiring an additional 41,137,642 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Carnival by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock valued at $896,104,000 after purchasing an additional 683,311 shares in the last quarter. Nuveen LLC boosted its stake in shares of Carnival by 1.4% in the 4th quarter. Nuveen LLC now owns 26,729,524 shares of the company’s stock valued at $816,320,000 after purchasing an additional 364,529 shares in the last quarter. Finally, Auto Owners Insurance Co grew its holdings in shares of Carnival by 2,954.0% during the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after purchasing an additional 19,201,000 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.